E3 38B (Learmning Objective 3 Adjiust the accounts) Forrest Company faced the following situations. Joumalize the adjusting entry needed at December 31, 2012, for each situation. Consider each fact separately a. The business has interest expense of $9,000 that it must pay early in January 2013. b. Interest revenue of $4,300 has been eaned but not yet received c. On July 1, when the business collected $13,900 rent in advance, it debited Cash and credited Unearned Rent Revenue. The tenant was paying for two years' rent. d. Salary expense is $1,300 per day Monday through Friday -and the business pays employees each Friday This year, December 31 falls on a Wednesday The unadjusted balance of the Supplies account is $2,900 The total cost of supplies on hand is $1,600 f. Equipment was purchased at the beginning of this year at a cost of $140.000 The equipment's useful life is five years. There is no residual value. Record depreciation for this year and then determine the equipment's book value